Austerity need not be painful when the contraction of the public sector is accompanied by the expansion of the private sector. Thus, the real solution lies in fostering more progress in entrepreneurship and private ownership.

Among themselves, libertarians often see important dividing lines among various factions in terms of social views and lifestyles. But most on the outside define libertarianism as being overwhelmingly for one thing: excessive and "dogmatic" devotion to free markets.